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Operating in the southwestern states, Lancer Airlines hopes to avoid entering the price war that currently is taking place between several airlines on the east coast. The best strategy to avoid severe price competition is to:
Board of Directors
A group of individuals elected by shareholders to oversee the management and make governance decisions for a corporation.
Legal Entities
Organizations that have legal rights and obligations, including the ability to enter into contracts and own property.
Corporate Liability
The legal responsibility of a corporation for the actions of its directors, officers, employees, and agents, including debts and legal violations.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, giving them certain rights and interests in the company.
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